RBS 2011 Annual Report Download - page 70

68 RBS Group 2011
Wealth
2011 2010 2009
£m £m £m
Net interest income 718 609 663
Net fees and commissions 375 376 363
Other non-interest income 84 71 83
Non-interest income 459 447 446
Total income 1,177 1,056 1,109
Direct expenses
-staff (413) (382) (357)
- other (195) (142) (144)
Indirect expenses (223) (210) (155)
(831) (734) (656)
Operating profit before impairment losses 346 322 453
Impairment losses (25) (18) (33)
Operating profit 321 304 420
Analysis of income
Private banking 975 857 916
Investments 202 199 193
Total income 1,177 1,056 1,109
Performance ratios
Return on equity (1) 18.7% 18.9% 30.3%
Net interest margin 3.59% 3.37% 4.38%
Cost:income ratio 71% 70% 59%
£bn £bn £bn
Capital and balance sheet
Loans and advances to customers (gross)
- mortgages 8.3 7.8 6.5
- personal 6.9 6.7 4.9
- other 1.7 1.6 2.3
16.9 16.1 13.7
Customer deposits (2) 38.2 37.1 35.7
Assets under management (excluding deposits) (2) 30.9 33.9 32.5
Risk elements in lending 0.2 0.2 0.2
Loan:deposit ratio (excluding repos) (2) 44% 43% 38%
Risk-weighted assets 12.9 12.5 11.2
Notes:
(1) Divisional return on equity is based on divisional operating profit after tax divided by average notional equity (based on 9% of the monthly average of divisional RWAs, adjusted for capital deductions).
(2) 2010 and 2009 comparatives have been revised to reflect the current reporting methodology.
Business review continued